Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jiangsu Azure Corporation (002245.SZ)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$8.36 - $14.44$10.98
Multi-Stage$6.57 - $7.17$6.87
Blended Fair Value$8.92
Current Price$20.02
Upside-55.43%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS17.17%6.09%0.050.030.060.030.010.020.030.020.030.03
YoY Growth--34.37%-44.39%133.33%111.11%-40.00%-37.27%58.93%-15.75%-17.49%17.98%
Dividend Yield--0.33%0.40%0.44%0.12%0.11%0.55%0.67%0.23%0.27%0.37%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)719.11
(-) Cash Dividends Paid (M)99.85
(=) Cash Retained (M)619.27
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)143.8289.8953.93
Cash Retained (M)619.27619.27619.27
(-) Cash Required (M)-143.82-89.89-53.93
(=) Excess Retained (M)475.44529.38565.33
(/) Shares Outstanding (M)1,154.371,154.371,154.37
(=) Excess Retained per Share0.410.460.49
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share0.410.460.49
(=) Adjusted Dividend0.500.550.58
WACC / Discount Rate11.79%11.79%11.79%
Growth Rate5.50%6.50%7.50%
Fair Value$8.36$10.98$14.44
Upside / Downside-58.24%-45.17%-27.85%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)719.11765.85815.64868.65925.11985.251,014.80
Payout Ratio13.88%29.11%44.33%59.55%74.78%90.00%92.50%
Projected Dividends (M)99.85222.92361.58517.32691.77886.72938.69

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate11.79%11.79%11.79%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)197.54199.42201.29
Year 2 PV (M)283.93289.34294.80
Year 3 PV (M)359.98370.31380.84
Year 4 PV (M)426.57442.97459.85
Year 5 PV (M)484.53507.93532.23
PV of Terminal Value (M)5,836.436,118.336,411.02
Equity Value (M)7,588.977,928.308,280.02
Shares Outstanding (M)1,154.371,154.371,154.37
Fair Value$6.57$6.87$7.17
Upside / Downside-67.16%-65.69%-64.17%

High-Yield Dividend Screener

« Prev Page 4 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
VKQInvesco Municipal Trust8.62%$0.8469.07%
ARCCAres Capital Corporation8.61%$1.7691.56%
TPVGTriplePoint Venture Growth BDC Corp.8.52%$0.5767.26%
C-PJCitigroup Inc.8.49%$2.1326.99%
RVTRoyce Value Trust Inc.8.42%$1.3639.40%
OGNOrganon & Co.8.37%$0.6131.54%
MITTAG Mortgage Investment Trust, Inc.8.12%$0.7043.47%
CAGConagra Brands, Inc.8.06%$1.3978.70%
NOGNorthern Oil and Gas, Inc.8.02%$1.7794.64%
PAAPlains All American Pipeline, L.P.8.00%$1.4690.71%
TSLXSixth Street Specialty Lending, Inc.8.00%$1.7385.26%
ACCOACCO Brands Corporation7.90%$0.2967.00%
ETDEthan Allen Interiors Inc.7.90%$1.8197.75%
CQPCheniere Energy Partners, L.P.7.82%$4.2388.03%
UNMAUnum Group 6.250% JR NT587.69%$1.7933.52%
WRB-PHW.R. Berkley Corporation 4.125%7.68%$1.2726.69%
JHSJohn Hancock Income Securities Trust7.65%$0.8994.90%
NIDNuveen Intermediate Duration Municipal Term Fund7.59%$1.0284.59%
HWCPZHancock Whitney Corporation - 67.58%$1.7731.35%
WRB-PGW.R. Berkley Corporation 4.25%7.54%$1.2726.69%
NMTNuveen Massachusetts Quality Municipal Income Fund7.48%$0.8580.62%
LOANManhattan Bridge Capital, Inc.7.45%$0.3574.53%
OPALOPAL Fuels Inc.7.43%$0.1846.94%
ZIONLZions Bancorporation N.A. - 6.97.42%$1.8632.04%
GMTAGATX Corporation SR NT 20667.41%$1.8621.29%
IIMInvesco Value Municipal Income Trust7.41%$0.9264.33%
JMMNuveen Multi-Market Income Fund7.28%$0.4461.06%
BKEThe Buckle, Inc.7.26%$3.9196.21%
MHIPioneer Municipal High Income Fund, Inc.7.19%$0.6413.70%
ORIOld Republic International Corporation7.19%$3.1193.13%
PMFPIMCO Municipal Income Fund7.07%$0.5992.59%
RYNRayonier Inc.7.04%$1.5230.67%
DRQDril-Quip, Inc.7.02%$1.0850.37%
TRINITrinity Capital Inc. 7.875% Notes Due 20297.02%$1.7883.48%
C-PNCitigroup Capital XIII TR PFD SECS7.01%$2.1326.99%
VPVInvesco Pennsylvania Value Municipal Income Trust6.98%$0.7360.22%
VCVInvesco California Value Municipal Income Trust6.97%$0.7860.58%
EOTEaton Vance National Municipal Opportunities Trust6.96%$1.1869.84%
FLATXFidelity Latin America Fund6.92%$1.1539.63%
EGYVAALCO Energy, Inc.6.91%$0.2592.67%
NOMNuveen Missouri Quality Municipal Income Fund6.91%$0.8278.81%
UBCPUnited Bancorp, Inc.6.90%$0.9996.30%
TBCAT&T Inc. 5.625% Global Notes d6.89%$1.7255.65%
GTNGray Media, Inc.6.87%$0.3334.04%
HEPHolly Energy Partners, L.P.6.86%$1.4074.08%
AFGAmerican Financial Group, Inc.6.85%$9.2396.49%
BANFPBFC Capital Trust II PFD TR 7.20%6.85%$1.8025.72%
CFG-PDCitizens Financial Group, Inc.6.83%$1.7143.60%
RCIIRent-A-Center, Inc.6.81%$1.8279.98%
SPHSuburban Propane Partners, L.P.6.81%$1.2778.56%